Monday, 27 September 2010

Mr Bean at the Bank of England

When I heard that Mr Bean worked at the Bank of England I naturally assumed that he would not be the bungling fool played by the actor Rowan Atkinson. Sadly I fear I was mistaken. This afternoon I read in the London Evening Standard and also on the Press Association that Mr Charlie Bean (Deputy Governor) was urging savers to spend their savings to help the economy.
This stupid fool deserves to be shown the door! Fired! Thrown out!
It used to be prudent to save for one's retirement, to put money aside for a rainy day. A responsible citizen would ensure they have enough money to tide them over economic problems. No, the Bank of  England proposes fiscal irresponsibility by the savers. Go on a spending spree and buy more imported goods? How on earth will that help the UK economy? Is he not content with punishing savers with artificially low interest rates? This man favours the people who spend spend spend with money saved from their ultra-low mortgage rates.
The printing of money (quantitative easing) by the Bank of England will effectively devalue our savings by devaluing the pound, now the absolute buffoon wants us to fritter away the money put aside for our futures.
The man is a Brownian Dinosaur and should be removed from post.

I'm so glad I moved my money into gold when the Bank of England was selling our reserves. Now it is "worth" four times what I paid for it. More realistically it is a glaring measure of how much the pound has fallen and how poorly the idiots at the Bank of England and the previous Labour Government  managed the economy.
Alaric

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